Sold: New Prague MLS# 6509183
Sold
$427,000 (list price)
$399,900
Commercial: 2 Stories
Built 1900
0.15 acres
New Prague Area schools
MLS# 6509183
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Property Description
The ONLY downtown main street commercial property with a grass lot and fruit tree, perfect for an outdoor garden party for the community or inn guests.
This historic building is filled with charm and character.
The successful airbnb upstairs is the former telephone exchange for the city of New Prague and the decor details this rich history.
The inn has two suites and a shared common space. The names of the suites are named after the original owners, Alex and Felix.
It was carefully designed with style and comfort in mind.
The original owners Alex and Felix ran the main floor as a barbershop in New Prague. It is now an established custom bakeshop that serves the community with stunning gourmet handmade baked goods.
Sugar Rose Bakeshop has a long-term lease in place that WILL transfer over to the new owner of the building.
Don't miss your chance to own this piece of history in downtown New Prague directly off main street.
Listing
Listing Status:
Sold
Contingency:
None
List Price:
$427,000
Sold Price:
$399,900
Sold Date:
05/06/2024
Property Type:
Commercial
City:
New Prague
County:
Le Sueur
Year Built:
1900
State:
MN
Property Style:
2 Stories
Zip Code:
56071
Subdivision Name:
City Of New Prague
Interior
Ceiling Height:
8-10
Refrigerators:
One
Basement Details:
Full
Exterior
Stories:
Two
Other Parking Spaces:
3
Air Conditioning:
Central Air, Ductless Mini-Split
Foundation Size:
680 ft2
Handicap Accessible:
Fully Wheelchair, Wheelchair Ramp(s)
Road Responsibility:
Public Maintained Road
Heating System:
- Ductless Mini-Split
- Forced Air
Parking Features:
- Gravel
- Paved
Road Frontage:
City Street
Exterior Material:
Vinyl Siding
Roof Details:
- Age Over 8 Years
- Rubber
Lot & Land
Acres:
0.15
Geolocation:
44.543262, -93.578181
Inclusions:
Building, Leases
Lot Dimensions:
39 x 172
Zoning:
Business/Commercial
Lot Description:
Tree Coverage - Light
Schools
School District:
721
District Phone:
952-758-1700
Expenses
Annual Caretaker Expense:
$1,900
Annual Electric Expense:
$3,209
Annual Fuel Expense:
$678
Annual Insurance Expense:
$3,684
Annual Maintenance Expense:
$600
Annual Gross Expense:
$14,500
Annual Water/Sewer Expense:
$868
Tenant Expenses:
None
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$1,829
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$3,460
Income
Annual Gross Income:
$47,400
Rent
Annual Net Income:
$32,900
Units
Total Units:
3
Miscellaneous
Current Use:
- Food Service
- Hotel/Motel
- Other
Fuel System:
Electric
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Common
- Heating Common
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of eXp Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.